Kolkata: Bharti Airtel on Tuesday said it “receives interests from high quality investors” for its various business and evaluates them. It however declined to comment on a media report that US software giant Google is likely to make a substantial investment in India's second largest carrier.
“Being a significant player in the telecom and digital industry, the company receives interests from high quality investors and companies for its various businesses…the company evaluates various opportunities of potential investor engagement and takes decisions in a judicious manner,” Airtel said in a response Tuesday to a BSE query.
Airtel termed the Google news report "speculation".
In afternoon trade, the Airtel stock up 4.6% at Rs649.05 on the BSE Tuesday.
The company’s response came a day after Bharti Airtel Chairman Sunil Mittal, speaking in the context of possible monetisation of Bharti’s digital assets, said “any potential alliances or equity stake offers to key strategic global investors would only be through parent company Airtel.
“Digital assets cannot be sliced and diced, and need to be kept under the mothership, as in Airtel,” he had on Monday at an investor call to discuss Airtel’s upcoming Rs 21,000 crore rights issue.
The investment speculation comes with the Bharti group in the process of restructuring its digital and telecom assets, to be able to create more monetizable opportunities.
Under the new corporate structure, Bharti Airtel will hold all digital assets, as...
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